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    55310 HWY 121 Crofton, NE 68730

    View on Map
    For Sale
    $350,000

    Farm/Estate, Cabin - Crofton, NE

    Type:Farm
    Property size:
    2,464 SF
    Lot size:
    1.63 Acres
    Added:
    Jan 14, 2026
    Days on Market:
    78
    Last Refresh:
    Apr 2 at 11:06 am

    Property Features for 55310 HWY 121

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking features
    Garage, Garage - Detached
    Standard status
    Active
    Size
    2,464 SF
    Lot size
    1.63 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    0

    Building Details

    Year built
    1970
    Year renovated
    1970
    Architectural style
    Other

    We can help!

    Listing Contact
    Jason Schendt

    Listing agent Jason Schendt

    Listing office Whitetail Properties Real Estate, LLC 121 S. Madison St, Pittsfield, NE

    Listing date Jan 14, 2026

    MLS# 11636440 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Recreational Acreage Near Lewis and Clark

    This 1.63 acre property offers a countryside setting approximately two miles from Gavins Point Dam and near Lewis and Clark Lake. The area is known for outdoor recreation, including boating, fishing, hunting, hiking, and other lake and river activities. The home features four bedrooms and two bathrooms. Front and rear decks extend the living space outdoors. The home is positioned among mature trees, offering shade, wind protection, and a sense of seclusion while still allowing convenient access to nearby Yankton amenities and recreation areas. Two detached garages, each measuring 24 by 24 feet, provide storage. The 1.63 acre lot includes a mix of open space and established trees. Located close to Gavins Point Dam and Lewis and Clark Lake, this property benefits from year-round recreational opportunities. Public lands, boat ramps, and water access points are nearby. This acreage offers a solid foundation for buyers seeking a manageable property size, practical storage, and close proximity to major recreational destinations. The property provides flexibility and access to the natural features that define this region and is a great location for a summer cabin, full time home, or business. The home has 2464 square feet of living space.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Real Estate Agency Auto Repair Shop Travel Agency Restaurant Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Crofton
    County
    Knox
    State
    Nebraska
    Longitude
    -97.458926
    Latitude
    42.845397

    Nearby Similar for Sale

    • $750,000
      1,456 SF

      Highway Commercial Property Near Missouri River

      Commercial property with residence near Gavins Point Dam and Missouri River.
      53301 Hwy 121, Crofton, NE 68730
      View Details
    • $975,000

      Highway Commercial Property with Residence

      Commercial property with residence near Gavins Point Dam and Missouri River.
      53301 Hwy 121, Crofton, NE 68730
      View Details

    FAQs

    What type of property is this?
    Farm - 1.63 acre property near Gavins Point Dam and Lewis and Clark Lake.
    Where is this farm located?
    The property is located at 55310 HWY 121 Crofton, NE.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Proximity to Gavins Point Dam and Lewis and Clark Lake offering year‑round recreational opportunities (boating, fishing, hunting, hiking).; Spacious 1.63 acre lot with mature trees providing shade, wind protection, and privacy.; Four bedroom, two bathroom home with front and rear decks for extended outdoor living.
    (402) 707-4885
    We can help!
    Listing Contact
    Jason Schendt
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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